8680 W Grand River Ave - Car Washes FOR SALE


Brighton, MI 48116
$5,769,230 USD
248-646-9999
8680 W Grand River Ave, Brighton, MI for Sale
$5,769,230 USD
Car Washes - FOR SALE
1/7
null | 6.5% Cap Rate

8680 W Grand River Ave
Brighton, MI 48116


OVERVIEW

-100% Occupied by Free Standing El Car Wash -Corporate Guarantee | 40+ Locations | Majority Owned by Warburg Pincus -Existing Locations Among Strongest Performing Units in The Nation -Operating On a 20-Year Absolute NNN Lease | Leaving Zero Landlord Responsibilities -Sale Lease Back | 20-Year Lease to Commence Upon Closing of Escrow -2% Annual Rental Increases -Build To Suit | Construction to Be Complete and Rent Commencing by September 2024 -Pad Site of Very High Performing Meijer -Large Parcel | 1.73 Acre Site -Wealthy Trade Area | Average Household Income Exceeding $120,700 Within a 5 Mile Radius -Densely Populated Trade Area with Over 183,360 Residents Within 10 Miles -High Traffic Counts | Grand River Ave (22,500 CPD) | Just Off I-96 (88,200 CPD) -Surrounded by Many National Retailers

FOR SALE DETAILS

PRICE

$5,769,230 USD

PRICE/SF

$1,009 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

C-2

APN/PARCEL ID

18-30-100-026

ASK ABOUT THIS PROPERTY

Vincent PipiaAlrig USAMore Info
248-646-9999

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Vincent PipiaAlrig USAMore Info
248-646-9999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.